Monarch Realty Holdings Sells Mixed-Use Property In Bronx For $7.975M With Cushman & Wakefield's Reps
1027 Westchester Avenue, The Bronx, New York 10459, United States
$7,975,000
$316/SF
Building Size
25,200 SF
Asset Type
Mixed-use
Closing
May 9, 2022
About this deal
AI
The mixed-use property located at 1027 Westchester Ave in Bronx has been sold for a price of $7,975,000. The property spans across 25,200 square feet, resulting in a price per square foot of $316. The sale took place on May 10, 2022.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $7,975,000
- Address: 1027 Westchester Ave
- Market: Bronx
The seller of the property was Monarch Realty Holdings. Cushman & Wakefield represented the seller in this transaction through their representatives Eric Roth, Jonathan Squires, Tyler Signora, Josh Neustadter, and Harry James. They played a crucial role in facilitating the sale of the property.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.99%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93